Possible sale of NetMed

31 Oct 2007 15:30

Naspers Limited31 October 2007 Naspers Limited(Incorporated in the Republic of South Africa)(Reg. No 1925/001431/06)Share Code: NPN IZIN: ZAE000015889("Naspers") South Africa, 31 October 2007: Naspers Limited (JSE: NPN, LSE: NPSN) announcedtoday that, following a review of its strategic investment priorities and givenits focus on emerging markets, it has initiated a formal process to explore apossible sale of its Greek and Cypriot pay-tv operator, NetMed NV. NetMed is theleading pay-television operator in Greece where it operates the digitalsatellite platform, Nova, which has over 340 000 subscribers. Citigroup has been appointed as financial adviser to the process, in which keeninterest has been expressed from several potential investors. 31 October 2007Cape Town ________________________________________________________________________ Contact details: Mark SorourGroup Chief Investment OfficerNaspers+27 21 406 3008+27 83 2 500 000msorour@naspers.com Steve PacakGroup Chief Financial OfficerNaspers+27 21 406 3585+27 83 2 500 006spacak@naspers.com Basil SgourdosGM Business Development Pay TVMIH+31 23 556 2869+31 23 556 2880basil@mih.com Important Information: This announcement contains forward-looking statements. While theseforward-looking statements represent our judgements and future expectations, anumber of risks, uncertainties and other important factors could cause actualdevelopments and results to differ materially from our expectations. Theseinclude key factors that could adversely affect our businesses and financialperformance. The Company will not undertake any obligation to (and expresslydisclaim any such obligation to) update or alter our forward-looking statementswhether as a result of new information, future events or otherwise except asrequired by law or any appropriate regulatory authority. Investors are cautionednot to place undue reliance on any forward-looking statements contained herein. About Naspers: Naspers is a multinational media company with principal operations in electronicmedia (including pay-television, internet and instant-messaging subscriberplatforms and the provision of related technologies) and print media (includingthe publishing, distribution and printing of magazines, newspapers and books,and the provision of private education services). Naspers's most significantoperations are located in South Africa, where it generates most of its revenues,with other operations located elsewhere in Sub-Saharan Africa, Greece, China,Brazil, Russia, the Netherlands, the United States and Thailand. Naspers createsmedia content, builds brand names around it, and manages the platformsdistributing the content. Naspers delivers its content in a variety of forms andthrough a variety of channels, including television platforms, internetservices, newspapers, magazines and books. This information is provided by RNS The company news service from the London Stock Exchange